Lifetime Mortgage Typical Interest Rates

Retirement Mortgage Typical Interest Rates
  • Remove tax-free cash from your home at 1.97% APR
  • Not necessary to make regular monthly payments
  • Use the money to buy another property
  • Still, have a few more mortgages payments to make? We can help with that
  • Continue to stay in your property for as long as you like
  • Often used to help tax planning
  • Lenders not affected by coronavirus-covid19 crisis
  • No lender fee charged
  • All areas of the UK are acceptable including Northern Ireland

If you don’t want a lifetime mortgage or equity release, and just want a normal interest-only mortgage at 3.97% regardless of your age please Click Here

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Not interested in equity release? Do you just want a conventional interest-only mortgage at 3.97% regardless of your age please Click Here

equity release
  • Free No Obligation Quote

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pensioner mortgages interest only
Over 65



The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.

Drawbacks of Home Reversion Plans

Lumpsum lifetime mortgages can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.

Areas in the UK where retirement mortgages are routine

  • Sawbridgeworth
  • Alston
  • Penistone
  • Manningtree
  • Bushey
  • Northampton
  • Norton-on-Derwent
  • Brackley
  • Aldershot
  • Fordwich
  • Bedworth
  • Wendover
  • Swanscombe and Greenhithe
  • St Ives

Business owners who could benefit from equity release tax planning

  • Manufacture of articles of fur West Bromwich
  • Wholesale of other food, including fish, crustaceans and molluscs Saxmundham
  • Manufacture of printed labels Wokingham
  • Manufacture of engines and turbines, except aircraft, vehicle and cycle engines Tenbury Wells
  • Manufacture of non-electronic industrial process control equipment Windsor
  • Real estate agencies Cricklade
  • Renting and leasing of air passenger transport equipment Lewes
  • Non-specialised wholesale of food, beverages and tobacco Worthing
  • Manufacture of pumps Clun
  • Manufacture of metal forming machinery Alcester
  • Wholesale of flowers and plants Deal
  • Manufacture of watches and clocks Whitnash
  • Other construction installation Moretonhampstead
  • Manufacture of beer Louth
  • Processing of nuclear fuel Hounslow
  • Manufacture of non-electric domestic appliances Budleigh Salterton
  • Renting and leasing of freight water transport equipment Ripley
  • Manufacture of basic pharmaceutical products South Woodham Ferrers
  • Activities of property unit trusts Devizes
  • Security systems service activities Havant
  • Management of real estate on a fee or contract basis Scunthorpe
Home Equity Loan Buckinghamshire Building Society for 2024

Equity Release UK Providers

  • Sunlife Plans
  • More to Life
  • Aviva
Pure Retirement Ltd lifetime mortgage

Pensioner Mortgage Typical Interest Rates

Just lifetime mortgage
Aviva lifetime mortgage
Aviva lifetime mortgage
Canada Life - Lifestyle Gold
OneFamily joint lifetime mortgage

Equity Release LTV Percentages

The older you are and the unhealthier you are the more money you can release.

  • Canada Life Equity Release Schemes
  • More2Life Flexi Choice Drawdown Lite Plan
  • Pure Retirement Drawdown Plan
  • Lloyds Bank Equity Release Plans
  • Royal Bank of Scotland Lifetime Mortgage
  • Aviva Flexible Voluntary Repayment Plan
  • Canada Life Lifestyle Gold Flexi
  • More2Life Tailored Choice Plan
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Lloyds Bank Lifetime Mortgage
  • More 2 Life Capital Choice Plus Plan
  • Saga home reversion schemes
  • Canada Life Equity Release Schemes
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • TSB Equity Release Schemes
  • L&G Legal & General Flexible Max Plus
  • More to Life Flexi Choice Drawdown Lite Plan
  • HSBC Equity Release
  • TSB Lifetime Mortgage

More2Life Lifetime Mortgages

One Family Equity Release

Interest Only Lifetime Mortgages Typical Interest Rates

Just Lifetime Mortgages

Crown

Aviva Drawdown Lifetime Mortgages

How much is it common to release from a home

  • 60% lifetime mortgage with flexible drawdown cash release Legal & General
  • 30% loan to value lifetime mortgage with flexible drawdown cash release Shawbrook
  • 25% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Precise Mortgages
  • 40% loan to value interest-only lifetime mortgages LV equity release
  • 25% LTV lump sum lifetime mortgages Fleet Mortgages

It’s often found to discover people searching for monthly payment life time mortgage, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Aviva like Maximum cover Equity Release are keen to see paperwork to show your circumstances in the form of bank statements.

Pensioner Mortgage Age 42 for 2024

Hard to mortgage home variants can include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, right to buy – properties in England, Wales and Northern Ireland, crofted houses and properties where the borrower(s) own the freehold with any connected party .

Some of the most popular retirement loan offerings are Lloyds Bank mortgages for 60 plus, Barclays later life interest only mortgages over 60, Halifax interest only mortgages for people over 60, Legal and General over 60 lifetime mortgages and Nationwide mortgages for over 50 year olds.

Difficult to finance home variants can include Timber-framed properties constructed post 1965, properties with spray foam insulation applied to the underside of the roof, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats with level access to private or communal garden space.

Popular LTV ratios of TSB retirement interest only mortgages over 75, HSBC mortgages over 70s, Halifax equity release plans for people over 60, Legal and General later life interest only mortgages over 60, RBS pensioner mortgages over 70s and Nationwide Building Society later life interest only mortgages over 70 are 50%, 60% and 70%.

Challenging to finance property variants can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with flying or creeping freehold which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties with mobile phone masts which are not within influencing distance of the house and properties with mobile phone masts which are within influencing distance of the house.

Challenging to finance home titles include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties with any kind of structural defect, damp, dry or wet rot, some properties with sitting tenants or regulated tenancies, thatched buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much cash can I get?

You can get 70% of your property’s value. For example, if your house is worth £220,000 you can release £154,000.